Legal & General Group Plc Sells 2,471 Shares of MasTec, Inc. $MTZ

Legal & General Group Plc reduced its stake in shares of MasTec, Inc. (NYSE:MTZ) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 96,829 shares of the construction company’s stock after selling 2,471 shares during the period. Legal & General Group Plc owned 0.12% of MasTec worth $21,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glenview Trust Co acquired a new stake in shares of MasTec in the fourth quarter valued at about $263,000. New Age Alpha Advisors LLC bought a new stake in MasTec in the fourth quarter valued at approximately $3,225,000. Hantz Financial Services Inc. boosted its holdings in MasTec by 21.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,846 shares of the construction company’s stock valued at $401,000 after acquiring an additional 323 shares during the last quarter. Swedbank AB increased its position in MasTec by 5.2% during the 4th quarter. Swedbank AB now owns 64,300 shares of the construction company’s stock valued at $13,977,000 after purchasing an additional 3,200 shares during the period. Finally, Legato Capital Management LLC increased its position in MasTec by 5.7% during the 4th quarter. Legato Capital Management LLC now owns 7,154 shares of the construction company’s stock valued at $1,555,000 after purchasing an additional 384 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the completion of the sale, the director owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This trade represents a 27.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Javier Alberto Palomarez sold 950 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the transaction, the director directly owned 10,592 shares in the company, valued at $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,450 shares of company stock valued at $3,512,759. 21.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MTZ shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $493.00 price objective on shares of MasTec in a research note on Monday, May 4th. KeyCorp lifted their target price on shares of MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Mizuho increased their price target on MasTec from $428.00 to $498.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, TD Cowen lifted their price objective on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $459.28.

MasTec Stock Up 0.1%

Shares of NYSE MTZ opened at $378.91 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a market cap of $29.94 billion, a PE ratio of 66.36 and a beta of 1.78. The company’s fifty day simple moving average is $369.18 and its 200 day simple moving average is $286.87. MasTec, Inc. has a 12-month low of $152.43 and a 12-month high of $441.43.

MasTec (NYSE:MTZ) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.41. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. MasTec had a net margin of 2.94% and a return on equity of 17.15%. The business’s revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. As a group, sell-side analysts forecast that MasTec, Inc. will post 8.51 earnings per share for the current fiscal year.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.